Banks, luxury stocks hammered as Chinese trade fears hit Europe

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

European shares fell on Friday as a deterioration in U.S.-China ties compounded fears of a slower recovery from the economic damage wreaked by the COVID-19 pandemic.

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 20, 2020. REUTERS/Staff

Beijing on Thursday planned to impose a new security law in Hong Kong, raising prospects of fresh protests in the global financial hub and drawing a warning from U.S. President Donald Trump that Washington would react “very strongly”. Rising tensions between the world’s two largest economies have stalled a recovery in equity markets in recent weeks after Trump accused China of mishandling the coronavirus outbreak.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What’s going on between China n Europe

So Europeans do need the Chinese.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines